Major stock indexes in the United States finished the Monday session off with gains, as traders focused on the country’s August Consumer Price Index report, which is to be released on Tuesday. Markets are expecting the figure to fall down to 8.1% from July's 8.5%.
Meanwhile, US President Joe Biden shared that although there is "a lot more to do" to bring the inflation down, the country is "on the right track." On the earnings front, Oracle is scheduled to reveal its quarterly results after the market close.
The Dow Jones jumped 0.71% or 229 points at the closing bell, with Apple surging 3.85%. The Nasdaq 100 advanced 1.20%, as Lucid skyrocketed 9.75%. At the same time, S&P 500 added 1.06%, with DXC Technology soaring 5.98%. The euro was up 0.67% against the dollar at 3:59 pm ET, selling for 1.01157.
